
Cheap Homes for Rent in Salem, AR from $500 (10 Rentals)
Search the lowest-cost Homes available for rent right now in Salem.


1032 Renfrow St

444 Walnut St

300 Antioch Rd

81 Green Ln
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

1305 Ridge Cir

122 Helm Rd

16 Arapaho Rd

14 Madonna Dr

15 Sophie Jo Ln
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.
Salem, AR Local Guide

How much does it cost to rent a home in Salem?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Salem 2 Bedroom Homes for Rent | $968 | $600 | $1,350 |
| Salem 3 Bedroom Homes for Rent | $1,479 | $1,200 | $2,000 |
| Salem 4 Bedroom Homes for Rent | $2,150 | $1,800 | $2,500 |
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Salem, AR Local Guide
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Cheapest Available Salem Apartments for Rent and Nearby
 The cheapest available apartment rental in Salem, AR is a Studio unit found at The Heights Apartments priced from $450. Breckenridge Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $475. Here is today’s list of the most affordable Salem apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Heights Apartments | Small Studio | Studio,1BA | $450 |
| Breckenridge Apartments | Breckenridge - 1 Bed 1 Bath no W/D Hookup | 1BR,1BA | $475 |
| Tara Apartments | 1 bedroom apartment | 1BR,1BA | $550 |
Best Value Apartments for Rent in Salem, AR and Nearby
As of January 07, 2026 the best value apartment in the Salem area is the $0.73 price per square foot 1503 Model at 2700 Burke Ave in the starting from $1,100. The second greatest value Salem apartment is the 3X2 Model at The Landing at Greensborough Village starting at $1,632 with a $1.13 price per square foot in the Downtown Jonesboro neighborhood. Here is today’s list of the best values for Salem apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 2700 Burke Ave | 1503 | 2BR,1.5BA | $0.73 |
| The Landing at Greensborough Village | 3X2 | 3BR,2BA | $1.13 |
| The Oak Townhomes | 2 Bed 1.5 Bath - Malerie St | 2BR,1.5BA | $0.71 |
| Willow Creek Townhomes | 2X2.5 | 2BR,2.5BA | $1.08 |
| Cedar Manor Apartments | 2 bedroom x 1 bath | 2BR,1BA | $1.04 |
| The Vue on Self Circle | 2BR/1.5BA | 2BR,1.5BA | $1.08 |
| Breckenridge Apartments | Breckenridge - 2 Bed 1 Bath | 2BR,1BA | $0.93 |
| Tara Apartments | 1 bedroom apartment | 1BR,1BA | $1.00 |
| Sugarloaf Studios | Studio | Studio ,1BA | $1.15 |
| The Heights Apartments | Small Studio | Studio ,1BA | $1.00 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Salem, AR Rentals by Map
See the most popular apartments and homes in Salem, AR
Frequently Asked Questions about Salem
What type of rentals are currently available in Salem?
There are currently 44 Apartments for Rent in Salem, AR with pricing that ranges from $400 to $1,950. There are also 30 Single Family Homes for rent, Condos, and Townhome rentals currently available in Salem ranging from $500 to $2,500.
What is the current price range for Rental Homes in Salem?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Salem ranges from $500 to $2,500 with an average monthly rent of $1,281.
Expert Rental Resources
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Articles, How-To's, and Tips

How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!